HKG:1413

3 stories mentioning HKG:1413Updated 27d ago

Every FINWIRES story that references HKG:1413, newest first.

FEG's Rights Offering Undersubscribed

FEG Holdings (HKG:1413) said its previously announced rights offering was under subscribed, according to a Wednesday filing with the Hong Kong bourse.The construction services provider's shares fell nearly 1% in late morning trade Thursday.The company was looking to raise HK$33.5 million via the sale of up to 164 million rights shares priced at HK$0.214 each, but received acceptances for 83.6 million shares or 51% of the total.The firm said it will now offer the remaining 80.4 million rights shares to external investors.The offering was based on 1 rights shares for every 2 shares held in the company.

HKG:1413

Asia48d ago

FEG Holdings' Co-Chair Steps Down

FEG Holdings (HKG:1413) Co-Chairperson Huang Chengkun resigned Thursday to devote time to other business and personal commitmentsThe Hong Kong-listed engineering contractor said on the same day that Yang Zhenwei was redesignated as co-chair following the resignation.

HKG:1413

Asia71d ago

FEG Holdings Eyes HK$33.5 Million via Rights Offering

FEG Holdings (HKG:1413) said it was looking to raise HK$33.5 million via a rights offering of up to 164 million shares, according to a Hong Kong bourse filing Tuesday.Shares of the construction services provider fell nearly 7% in Wednesday morning trade.The firm is offering 1 rights shares for every 2 shares held in the company at HK$0.214 each.Unsubscribed shares will be offered to external investors.The rights offering will help raise cash for the company's needs, including for the exploration of new business opportunities.

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